Work Restarts on Höfða Lodge as British Investor Steps In

2026-03-15 - 11:15

Work is continuing on the luxury Höfða Lodge in northern Grenivík after British investor Russ DeLeon took full ownership of the project. As reported by Morgunblaðið, contractors are currently on site completing the final stages of construction at the hotel, which sits on the headland of Þengilhöfði overlooking the fjord Eyjafjörður. What's the Story? British investor Russ DeLeon has acquired full ownership of Höfða Lodge near Grenivík, Iceland Construction ongoing; local mayor estimates around 10–20% of work remains 6,000 m2 hotel planned with 42 guest rooms and 28 staff rooms, overlooking Eyjafjörður Two boats river rafting in Vestar Jökulsá, North Iceland. Photo: Golli. Iceland Review. Russ DeLeon recently bought out the remaining Icelandic shareholders, and members of his team are expected to arrive in the country next week as work gathers pace again. Local officials say most of the building has already been completed, although several interior spaces still require finishing. The project has faced significant setbacks in recent years. The lodge had originally been expected to welcome guests in 2023, but construction delays and rising costs pushed the timeline back. Once complete, the 6,000-square-metre development will include 42 guest rooms and accommodation for 28 staff members.